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hydrocarbon exploration

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Bulgaria: BEH plans to acquire up to 20% stake in the Khan Asparuh block in the Black Sea

The Bulgarian Parliament has tasked the Ministry of Energy to conduct negotiations on the terms under which Bulgarian Energy Holding (BEH) would acquire up...

Greece, There will be no new tenders for hydrocarbon licenses

Greek Prime Minister Kyriakos Mitsotakis ruled out the possibility of any new international tender for additional licenses for onshore or offshore hydrocarbon exploration. Reignited hydrocarbon...

Hungary, MOL will invest almost 100 million euros in hydrocarbon exploration activities

Hungarian oil and gas company MOL said that it will invest almost 100 million euros in hydrocarbon exploration activities in Hungary during 2023, after...

Montenegro, Novatek will gradually withdrew from the hydrocarbon exploration project

According to Montenegrin media, the owner of Russian gas company Novatek Leonid Mikhelson said that the company will gradually withdrew from the hydrocarbon exploration...

Greece, ExxonMobil acquired the majority of hydrocarbon exploration rights

ExxonMobil acquired the majority of hydrocarbon exploration rights in the two blocks west and southwest of Crete, following the departure of French TotalEnergies last...

Greece, TotalEnergies announced its decision to withdraw from two hydrocarbon exploration blocks near Crete

French TotalEnergies announced its decision to withdraw from two hydrocarbon exploration blocks near Crete, the block of Western Crete and that of Southwest Crete,...

Latest news

Banatski Dvor expansion delays deepen Serbia’s reliance on Hungarian storage

Serbia’s Banatski Dvor underground gas storage expansion is experiencing further slippage, according to project timelines that have moved past the previously targeted end of...

Montenegro extends Sinjajevina wind project timeline to 2030

Montenegro has extended the development timetable for the 112 MW Sinjajevina I wind farm, moving the expected commercial operation target toward 2030. The revised...

Hungary granted temporary EU delay on Serbia gas capacity bundling rules

Hungary has received temporary approval from the European Commission to postpone full implementation of EU gas-capacity rules at its border with Serbia until the...

ADMIE secures equipment for €3.5bn of grid projects through 2029

Greek transmission operator ADMIE has secured equipment for projects worth about €3.5 billion, cutting procurement risk across more than half of its €6 billion...

Federation of Bosnia electricity generation up 15.8% in August as trade falls

Electricity production in the Federation of Bosnia and Herzegovina increased in August compared with August 2025, while both imports and exports declined from year-earlier...